Introduction to Ardor (ARDR):

The Nxt cryptocurrency platform developed by Jelurida has been actively used at the production stage and its robust design, stability and its code has also been evaluated by independent experts.

Using Java, the authoritative programming language for financial applications, the Nxt platform enables rapid development and the immediate addition of new features. As a second-generation blockchain, and not just a bitcoin clone, the Nxt platform was conceived from its inception as a platform for use far beyond simple financial transactions. Nxt supports the exchange of user-created tokens (exchange of assets), the sale and purchase of digital goods, the creation of personalized currencies (monetary system), decentralized Community funding, a system of voting with very flexible voting count options, conditional transaction execution (phasing - analogous to multi-signature transactions with Bitcoin, but much more powerful), account properties, messages, aliases, and many other features. The relative ease with which these new features have been added regularly by the development team every month for the last three years highlights the platform's excellent design and flexible architecture.

Jelurida developers have identified an elegant solution to configure the above limitations of the current Nxt software. The next-generation architecture of the Nxt-Nxt 2.0 platform, now known as ‘Ardor’, further pushes the boundaries of the system, making it scalable, further enhancing its flexibility, while maintaining its security and reliability. its stability.

The fundamental concept behind Ardor's design is a clear separation between the 'forging token' and the 'transaction token'. On Nxt, it is the NXT that fulfills this dual role, as it is used both to determine forging participation, ie. the right of an account to generate blocks, and to execute all kinds of transactions involving a transfer of value, as a means of representing a unit of value. On Ardor, the separation of these two functions is used to achieve a much better ability to evolve, reducing blockage congestion, and flexibility, making it possible to use multiple transaction tokens which in effect allows 'child strings' to exist and operate on the same network of nodes.

About Ardor (ARDR):

Creating a blockchain-as-a-service model is one thing, but making it attractive to businesses is another thing. To do this, the Ardor team has developed an interesting approach on a technical level. First, Ardor uses a unique parent-child architecture that allows businesses to build their own products and services using the concept of child chains. At the same time, these products will always benefit from the security provided by Ardor's parent company.

In addition, Ardor's blockchain-as-a-service aims to be as energy efficient as possible. Even if the operation of a blockchain is not at the same level as the extraction of cryptocurrency, there are still energy needs to be taken into account. With Ardor, the infrastructure uses a proof of interest system rather than proof of work. Mining competition is completely eliminated and consensus is reached through a distributed system.

About Bitbns

Bitbns is a cryptocurrency trading platform. Almost all the currencies on the platform are tradable for either buying/selling.
The Bitbns team are dedicated in offering investors not only a secure, simple and a fair crypto exchange, but also promise to safeguard individual asset and trading information.